§ 120.314. Resolving doubts about creditworthiness.
45 words·~1 min read·
/us/cfr/t13/s§ 120.314·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purpose of the DAL Program, SBA shall resolve doubts concerning the creditworthiness of an applicant in favor of the applicant. However, the applicant must present satisfactory evidence of repayment ability. Personal guarantees of Associates are not required for purposes of DAL-1 financial assistance.